logo

Salcon HQ : 603 8024 8822

INVESTORS

Email This Print This News

Salcon Berhad Article Entitled: "Salcon Bids For Water Supply Project In Java"

BackJul 24, 2007
General Announcement
Reference No CC-070724-35308

 

Company Name
:
SALCON BERHAD 
Stock Name
:
SALCON
Date Announced
:
24/07/2007

 


Type : Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID : PY-070723-44054
Subject : SALCON BERHAD
Article Entitled: "Salcon bids for water supply project in Java"


Contents :

We refer to the letter from Bursa Malaysia Securities Berhad dated 23 July 2007 in relation to the article entitled "Salcon bids for water supply project in Java" appearing in The New Straits Times, BIZNEWS, Page 28, Saturday, 21 July 2006 and in particular to the following sentence:-

"…the company was considering plans to float its shares in Hong Kong and mainland China in three years."

Salcon would like to confirm that it has plans to list its overseas water and wastewater ventures in the future as part of its corporate strategy. This can be achieved with the securing of more water and wastewater concessions in line with our expansion plan. Currently, Salcon has secured 5 water concessions and 1 wastewater concession in China and Vietnam.

Salcon shall notify the Exchange should there be any further significant developments of the proposed plan in due course.

This announcement is dated 24 July 2007.





Query Letter content :
We refer to the above news article appearing in The New Straits Times, BIZNEWS,
Page 28, Saturday, 21 July 2007 , a copy of which is enclosed for your
reference.
In particular, we would like to draw your attention to the underlined sentence,
which is reproduced as follows:-
"... the company was considering plans to float its shares in Hong Kong and
mainland China in three years."
In accordance with Bursa Securities' Corporate Disclosure Policy, you are
requested to furnish Bursa Securities with an announcement for public release
confirming or denying the above reported article in particular the underlined
sentence after due and diligent enquiry with all the directors, major
shareholders and all such other persons reasonably familiar with the matters
about which the disclosure is to be made in this respect. In the event you deny
the above reported sentence or any other part of the article, you are required
to set forth facts sufficient to clarify any misleading aspects of the same. In
the event you confirm the above reported sentence or any other part of the
article, you are required to set forth facts sufficient to support the same.

Please furnish Bursa Securities with your reply within one (1) market day from
the date hereof.
Yours faithfully

TAN YEW ENG
Head, Issuers
Listing Division
Group Regulations
TYE/LPY
cc: Encik Chung Tin Fah, Securities Commission